GOP/TAXES: “The Republican-controlled U.S. Congress will begin voting on Tuesday on the biggest overhaul of the U.S. tax system in more than 30 years, with little standing in the way of the party’s first major legislative triumph under President Donald Trump.
The House of Representatives, which introduced initial tax legislation barely six weeks ago on Nov. 2, was scheduled to vote on Tuesday afternoon. Senate Majority Leader Mitch McConnell said his chamber would vote on Tuesday evening.
With strict party-line votes expected in both chambers, passage appeared all but certain…
Republicans insist the sweeping package of tax cuts for corporations, small businesses and individuals will boost economic and job growth. They also see the measure as key to retaining their majorities in the House and Senate in elections next November…
Democrats say the legislation will deepen the income gap between rich and poor Americans.”
-David Morgan and Amanda Becker, “Congress poised to approve biggest tax overhaul in 30 years,” Reuters, Dec. 19, 2017 03:02am